"Cash, free and quick." Those words line much of Jordan Lane in Huntsville.
Julie used payday loans in the past. She says, "It was alright with me. I got in a tight situation and had to file bankruptcy."
Julie is just one person that was in a bad financial situation because of payday loans.
"I had to choose between myself and these loans, but they help out a lot of people," says Julie.
Three groups in Alabama, including the Southern Poverty Law Center, are fighting for stricter regulations on Payday and Title loan companies. They want the interest rates to be limited to 36% annually and they also want to limit the number of loans people can get from these companies.
"Those people take out loans for recurring household expenses. To pay their rent, their electricity and because they're living paycheck to paycheck they are unable to ever get ahead and pay off the debt, so they are stuck paying hundreds of thousands of dollars in interest," says Sarah Zampierin, Southern Poverty Law Center.
The SPLC says a main problem with these companies is there's no way to check how many loans people are getting. Julie says she took out more than one loan and ended up filing for bankruptcy. She says she'll never take a payday loan out again.
The SPLC says the interest rate at Payday loans can hit 456% and Title loans can hit 300%. We did reach out to payday and title loan companies but have not heard back. The President of the loan industry group says a 36% annual interest rate would close down business.